BLOOMIN' BRANDS INC (BLMN) Technical Analysis
NASDAQ:BLMN • US0942351083
Current stock price
BLMN Technical Rating and Analysis
Taking everything into account, BLMN scores 5 out of 10 in our technical rating. BLMN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 85% of all other stocks performed better in the past year than BLMN.
- BLMN is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 73% are performing better than BLMN.
- BLMN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month BLMN has a been trading in the 5.19 - 6.76 range, which is quite wide. It is currently trading near the high of this range.
- BLMN has an average volume of 3050690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BLMN Weekly and Daily overview Charts
BLMN Setup Rating and Analysis
BLMN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
BLMN Support and Resistance Analysis
6.01
We found 2 important support areas.
- A support zone ranging from 6.70 to 6.72. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 6.07 to 6.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.74 to 6.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @7.46 from a trend line in the weekly time frame.
- Resistance @7.72 from a horizontal line in the weekly time frame.
- Resistance @7.98 from a horizontal line in the daily time frame.
BLMN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BLMN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLMN is up. |
| ChartMill Relative Strength | 15.68 | NEGATIVE | BLMN has a low relative strength, it was outperformed by 84.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLMN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.63 | NEUTRAL | The RSI value for BLMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests BLMN has a positive trend. |
| Stochastics (14,3) | 89.81 | OVERBOUGHT | The high Stochastics value suggests BLMN may be overbought. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for BLMN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.52 | NEGATIVE | The low ADX value for BLMN suggests a weak or negative trend. |
BLMN Chart- and CandleStick Pattern Analysis
BLMN Technicals: Chart, Performance Metrics, Trend & Indicators
6.73
+0.33 (+5.16%)
BLOOMIN' BRANDS INC / BLMN TA FAQ
What is the ChartMill technical rating of BLOOMIN' BRANDS INC (BLMN) stock?
ChartMill assigns a technical rating of 5 / 10 to BLMN.
Can you provide the trend direction for BLOOMIN' BRANDS INC?
The current trend direction for BLOOMIN' BRANDS INC (BLMN) is Bearish.
Can you provide the RSI signal for BLOOMIN' BRANDS INC?
BLOOMIN' BRANDS INC (BLMN) has an RSI value of 64.6348. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BLOOMIN' BRANDS INC?
The short term momentum for BLOOMIN' BRANDS INC (BLMN) is positive.
What are the support and resistance levels for BLOOMIN' BRANDS INC (BLMN) stock?
BLOOMIN' BRANDS INC (BLMN) has a support level at 6.72 and a resistance level at 6.74. Check the full technical report for our detailed analysis of BLMN support and resistance levels.